According to data from Bitcoin Magazine ProThere are 1,012,650 Bitcoin addresses holding 1 BTC or more.
This represents over 1 million BTC that has potentially been taken off the market and into the hands of powerful hands, a significant portion of the 21 million BTC that will ever exist. Demand continues to rise as US spot Bitcoin ETFs collectively hold over 901,000 BTC, while MicroStrategy, a large corporate Bitcoin holder, holds 226,500 BTC. Furthermore, MicroStrategy plans to raise $2 billion to purchase more Bitcoin, further highlighting the trend of institutions purchasing and holding significant amounts of BTC, thereby reducing the available supply as demand increases.
The number of Bitcoin addresses holding 1 BTC or more has historically lagged the price of BTC. However, over the past two years, this trend has reversed, with the number of these addresses increasing faster than the price of Bitcoin. This shift signals growing adoption and reflects increasing confidence in Bitcoin over the long term as more users accumulate and hold significant amounts of Bitcoin.
The rise in addresses holding 1 BTC or more means that both retail and institutional investors are actively accumulating Bitcoin. With only 21 million BTC ever mined and around 19 million already in circulation, demand for Bitcoin appears to be increasing as users look to secure their share of the limited supply.
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